Three banks, including ANZ, have been quietly trimming some savings and term deposit rates. But one pushed through an increase

Some banks have been adjusting the interest rates they offer savers lower over the past couple of days.

But not all. Most made no change, but one actually increased its offer selectively.

First, Bendigo Bank cut -5 bps from its Reward Saver bonus which reduced its potential rate to 4.00%.

Then ANZ trimmed rates for three of its savings accounts.

ANZ's Progress Saver was trimmed by -10 bps so the potential is now 3.05%.

ANZ's Plus Growth Saver was also trimmed by -10 bps so its potential is now 4.15%.

And ANZ also took -10 bps off its Plus Flex Saver account, reducing its <$5000 offer to 4.15% and its >$5000 offer to only 1.15%.

Meanwhile on the term deposit front, Macbank (Macquarie) cut -10 bps from its <$1 mln 3 month rate to 3.90%, and took -5 bps off its 4 and 6 month rates. (Macbank's $1 mln+ rates for the same terms also were adjusted lower by the same cuts.)

Going the other way is HSBC. They increased their three month term deposit offer by +30 bps to 3.80%, and increased their six month TD rate by +40 bps to 3.80%. That improves their competitiveness, but there are still three other banks with better rates for these terms.

You can find all the current rate offers for terms less than one year here, and for terms more than one year here. For savings account rates, see here.